The NRA Has Declared Bankruptcy

The National Rifle Association, once one of the most powerful and influential advocacy groups in the U.S., has voluntarily filed for bankruptcy as part of a massive organizational restructuring. The group will move from New York to Texas.

“Today, the NRA announced a restructuring plan that positions us for the long-term and ensures our continued success as the nation’s leading advocate for constitutional freedom – free from the toxic political environment of New York,” the NRA’s Wayne LaPierre said in letter to members. The letter referred to New York as a “toxic political environment” and claimed that little else would change. “Under the plan, the NRA will continue what we’ve always done – confronting anti-gun, anti-self-defense and anti-hunting activities and promoting constitutional advocacy that helps law-abiding Americans. Our work will continue as it always has. No major changes are expected to the NRA’s operations or workforce. ”

The move follows last year’s astonishing lawsuit from New York Attorney General Letitia James, which alleged a $64 million fraud, claiming the NRA diverted charitable donations to irresponsible personal spending on behalf of the executive team.

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The NRA’s lobbying might was once vast, unnerving even politicians who liked to talk about gun law reform. But the group’s stubborn inaction in the wake of America’s pre-pandemic spate of mass shootings turned public opinion against them, and the financial scandals stripped them of much of their seeming invincibility. A Texas move feels like an opportunity to regroup, but whether they’ll ever be able to regain their former power remains to be seen.

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